ROLE PURPOSE 

The Senior Specialist will be responsible for ensuring AML knowledge to carry out responsibilities in accordance with local regulations and international standards and accountable for overseeing the AML/CFT Transaction Monitoring System (Jocata-STAR Module). The Specialist will conduct deep-dive investigations into alerts to determine if activities or behaviours are suspicious. The Specialist will contribute to ensuring of all activities align with the bank’s internal AML policies and procedures. 

KEY RESPONSIBILITIES 

1. Transaction Monitoring Procedure & Daily Case Alerts 

• Review and investigate AML alerts generated by the transaction monitoring system (TMS) on a daily and monthly basis, ensuring timely investigation and resolution. 

• Ensure alerts are closed with proper investigation remarks and justifications if found any suspicious matter, inform VP in timely manner. 
• Perform due diligence on transaction alerts and if found any suspicious matter, inform VP in timely manner.  
• Conduct detailed reviews and investigations based on KYC information and Customer documentation. 
• Identify and report Money Laundering (ML) and Terrorist Financing (TF) red flags. 
• Monitoring on international remittance such as Western Union, Ria, Dee Money, MoneyGram etc. 
• Maintain diligent follow-up procedures for each alert, ensuring all necessary  actions are completed within established daily and monthly timelines. 
• Perform in-depth investigations to determine if alerts indicate suspicious activities  and behaviours. 

2. Suspicious Transaction Report (STR) Preparation & Documentation 

• Prepare and file Suspicious Transaction Reports (STRs/SARs) in accordance with legal and regulatory standards and all related supporting documents are correctly attached prior submission to MFIU. 
• Collaborate with the Reporting Team during STR preparation and submission. 
• Responsible for monitoring suspicious activity investigation on daily Threshold Transaction Report (TTR). 
• Accountable and responsible for ensuring all STRs and supporting documentation are properly maintained and organized not only for audit and regulatory review but also maintain meticulous records of all investigations. 
• Report findings and relevant information regarding TMS alerts to the manager in a timely manner.  
• Gather supporting documentation and collaborate with branches as needed.   
• Develop comprehensive narratives detailing suspicious activity, including justification for potential violations of financial regulations in some cases.   

3. Rule Enhancement Supports and Team Collaboration 

• Review and analyse alert trends regularly to identify recurring issues or patterns,  with a comprehensive evaluation conducted quarterly to enhance detection strategies. 
• Respobsible for supporting the enhancement of monitoring rules and detection parameters to improve the effectiveness of transaction monitoring system.  
• Analyse financial transactions flagged by the transaction monitoring system for suspicious activity.   
• Collaborate closely with team members to identify gaps, suggest improvements, and implement updates that align with regulatory requirements and internal  policies. 
• Generate detailed reports on daily alert activities and monthly summaries to  support ongoing compliance and system effectiveness. 
• On going monitor and promptly respond to alerts generated by the Transaction Monitoring System (TMS) on new a rule based, ensuring timely investigation and resolution. 

4. System Issue Identification 

• Responsible for support of resolving system issues that arise during transaction monitoring activities, any technical or functional issues during transaction reviews. 
• Report Identifying and troubleshooting technical problems, coordinating with relevant team or VP for resolution. 
• Accountable for maintaining system stability and functionality, that help ensure continuous and effective transaction surveillance, supporting the overall compliance. 

5. Training Supports and Materials preparation 

• Responsible for designing, developing and delivering training materials to ensure for branch compliance trainees are well-equipped with the necessary knowledge and skills.  
• Assist in organizing training sessions, workshops, and onboarding programs, providing clear and engaging content. 
• Collaborate with subject matter experts/VP to update training materials regularly, ensuring they reflect current processes, regulations, and best practices. 

6. Documentation, Record-Keeping and Verification 

• Responsible for keeping all reports, including TMS cases, STRs, SARs, and supporting documents, organized and easily accessible.  

• Ensure with branches or other departments verify customer or transaction information when reviewing suspicious transactions. 

• Ensure that all relevant reference documents are properly stored and referenced. 

7.  Coordination and Other Supports 

• Liaise with related internal teams and other departments and/or branches for enquiries of KYC, CDD and ECDD information. 
• Review that all steps outlined in the Standard Operating Procedure (SOP) are being adhered to by the relevant departments, to identify areas of improvement, and the process remains compliant with both internal standards and external regulations. 

QUALIFICATIONS REQUIRED  

Knowledge & Skills       

• Knowledge and understanding of overall banking, bank products and services, risk assessment process, CTRs, SARs, and High-Risk.

• Knowledge of Central Bank of Myanmar Anti-Money Laundering regulations 

• Add in knowledge of financial crime typologies and transaction monitoring scenarios. 

• Experiences of Critical thinking and ability to analyse data, draw conclusions and make recommendations. 

• Exceptional report writing skills and presentation skills. 

• Clear communicator with ability to explain complicated matters in simple terms, negotiate and convince stakeholders. 

• Excellent attention to detail and problem-solving skills. 

Education & Special Training   

• Bachelor’s degree in law, Finance, Economics or Business preferred. 
• Ability to work independently and in a team environment. 
• Excellent attention to detail and problem-solving skills. 
• Proficient in Microsoft Office Suite, especially in PowerPoint presentation skills and Excel. 

Experience 

• Minimum 2-3 years' experience handling AML matters and 1 years of transaction monitoring compliance experience 
• Experience working with highly confidential information. 
• Experience working in a fast-paced environment and meeting deadlines. 
• Solid technical skills (Preferred) 

Languages 

• Ability to communicate effectively in both Myanmar & English (verbal and written).